Comparison between Sheel Biotech IPO and Victory Electric Vehicles IPO.
Sheel Biotech IPO is a SME Fixed Price IPO proposed to list at NSE SME while Victory Electric Vehicles IPO is a SME Fixed Price proposed to list at NSE SME.
| Sheel Biotech IPO | Victory Electric Vehicles IPO | |
|---|---|---|
| Logo |  | |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Narnolia Financial Services Ltd. | Corpwis Advisors Pvt.Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Maashitla Securities Pvt.Ltd. |
| Market Maker | Mansi Share & Stock Broking Pvt.Ltd. | Alacrity Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Sheel Biotech IPO is up to ₹32.31 Cr whereas the issue size of the Victory Electric Vehicles IPO is up to ₹32.83 Cr. The final issue price of Sheel Biotech IPO is ₹63.00 per share and of Victory Electric Vehicles IPO is ₹41.00 per share.
| Sheel Biotech IPO | Victory Electric Vehicles IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹5 per share |
| Issue Price (Lower) | ₹59.00 per share | |
| Issue Price (Upper) | ₹63.00 per share | |
| Issue Price (Final) | ₹63.00 per share | ₹41.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 3000 shares |
| Fresh Issue Size | 51,28,000 shares | 80,07,000 shares |
| Fresh Issue Size (Amount) | up to ₹32.31 Cr | up to ₹32.83 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 51,28,000 shares | 80,07,000 shares |
| Issue Size Total (Amount) | up to ₹32.31 Cr | up to ₹32.83 Cr |
Sheel Biotech IPO opens on Sep 30, 2025, while Victory Electric Vehicles IPO opens on Jan 07, 2026. The closing date of Sheel Biotech IPO and Victory Electric Vehicles IPO is Oct 03, 2025, and Jan 09, 2026, respectively.
| Sheel Biotech IPO | Victory Electric Vehicles IPO | |
|---|---|---|
| Anchor Bid Date | Sep 29, 2025 | |
| Issue Open | Sep 30, 2025 | Jan 07, 2026 |
| Issue Close | Oct 03, 2025 | Jan 09, 2026 |
| Basis Of Allotment (Tentative) | Oct 06, 2025 | Jan 12, 2026 |
| Initiation of Refunds (Tentative) | Oct 07, 2025 | Jan 13, 2026 |
| Credit of Share (Tentative) | Oct 07, 2025 | Jan 13, 2026 |
| Listing date (Tentative) | Oct 08, 2025 | Jan 14, 2026 |
| Anchor Lockin End date 1 | Nov 05, 2025 | |
| Anchor Lockin End date 2 | Jan 04, 2026 |
Sheel Biotech IPO P/E ratio is 8.86, as compared to Victory Electric Vehicles IPO P/E ratio of 12.41.
| Sheel Biotech IPO | Victory Electric Vehicles IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)Sheel Biotech Ltd.'s revenue increased by 11% and profit after tax (PAT) rose by 2% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 96.99 | 97.41 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 71.26 | 63.33 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 8.86 | 12.41 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹128.22 Cr. | ₹98.77 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 13.59 | 42.10 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 16.34 | 31.27 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.21 | 0.62 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹7.11 | ₹3.30 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 13.59 | 42.11 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Sheel Biotech IPO Retail Individual Investors (RII) are offered 18,04,000 shares while in Victory Electric Vehicles IPO retail investors are offered 18,04,000 shares. Qualified Institutional Buyers (QIB) are offered 10,26,000 shares in Sheel Biotech IPO and 0 shares in Victory Electric Vehicles IPO.
| Sheel Biotech IPO | Victory Electric Vehicles IPO | |
|---|---|---|
| Anchor Investor Reservation | 15,24,000 shares | 0 shares |
| Market Maker Reservation | 2,72,000 shares | 4,23,000 shares |
| QIB | 10,26,000 shares | 0 shares |
| NII | 7,74,000 shares | 40,02,000 shares |
| RII | 18,04,000 shares | 40,05,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 51,28,000 shares | 80,07,000 shares |
Sheel Biotech IPO subscribed 15.97x in total, whereas Victory Electric Vehicles IPO subscribed 0.95x.
| Sheel Biotech IPO | Victory Electric Vehicles IPO | |
|---|---|---|
| QIB (times) | 19.73x | |
| NII (times) | 25.92x | 0.91x |
| Big NII (times) | 31.64x | |
| Small NII (times) | 14.49x | |
| RII (times) | 9.56x | 0.99x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 15.97x | 0.95x |
